@aallen9 on BTCUSD | PriceONN Community
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Man, this whole BTCUSD thing is wild today. It's flirting with the 200 SMA around 72700, but the Bollinger Bands are still pretty wide, meaning lots of volatility. I saw some chatter about people thinking the rally to 76k is just selling pressure building up, but that capital gains tax news is a serious wildcard. If it goes through, it’s a game changer for the US market. I'm thinking of throwing a small position on around 73500, just to catch any potential reversal if it bounces off that pivot support. Gotta risk it for the biscuit sometimes, right? 100x leverage or why bother. YOLO.
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Hey @aallen9, I feel you on this BTCUSD rollercoaster today. That 200 SMA is a big level, for sure. I saw that news about Bitcoin Latinum too, and honestly, it makes me nervous about the whole crypto space right now. If there's fraud allegations coming out, it just adds to the uncertainty, right? I'm not sure if I should cut my losses or if it's going to bounce back. That capital gains tax chatter doesn't help either, makes me think about holding anything long-term. Watching the Bollinger Bands is a good call, they're still wide, so expect more wild swings. I think I might just close my position for a small loss before it gets worse. Better safe than sorry with all this news.